Selling a Home

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Tax Planning and the Sale of a Beach House

Homes on beaches aren't treated differently from a tax perspective than any other house. However, if your beach home is a second home or an investment property, its sale could be subject to significantly higher taxes than a primary home would. With some advanced planning or some ...

How to Sell House in Slow Market

More than 4.2 million homes sold in 2011, according to the National Association of Realtors, but the sales weren't evenly distributed over all geographic markets. Selling your residence in a slow market with a glut of homes requires some creativity. Marketing a house in an icy ...

Length of Time for a Short Sale Approval

The short sale process in which a home sells for less than the amount owed on its mortgage is known for being drawn-out and arduous. Short sales became a significant portion of the housing inventory in 2008, as a result of the sub-prime mortgage market collapse. To make an ...

Can Executors Do a Short Sale of a Home?

A short sale occurs when a lender chooses to accept less than the value of the mortgage on the property to convey clear title to a buyer. These are commonly used with an upside-down homeowner to help them get out of a house that they cannot afford. A short sale may work with an ...

A Real Estate Agent vs. FSBO Sales: Do You Really Save Money?

An August 2012 survey commissioned by the National Association of Realtors found that 21 percent of people in a survey of home sellers had tried to sell a home themselves. Twenty-two percent of these For Sale By Owner -- FSBO -- sellers eventually turned to a realtor to sell the ...

What Is a Quitclaim Assignment?

Assignment of a deed is the act of transferring that deed to another party and thereby transferring ownership. A quitclaim deed is a type of deed used to transfer real estate. In contrast to other deed types, the quitclaim doesn't offer any sort of protection for the buyer if ...

What Does "Encumbrances" Mean in Real Estate?

When you buy or sell a property, you need to know about any claims non-owners may have on it. Real estate is said to have an "encumbrance" when someone can make a claim regarding the use of the property. There are several types of these encumbrances. Encumbrances may apply not ...

Effects of a Quitclaim Deed on Cost Basis

When you sell a house, your taxable gain is the home's sale price minus its "basis." If you bought the house, the basis is usually what you paid for it, with a few adjustments -- hence the term "cost basis." If you inherit the house or receive it as a gift, you have to measure ...

How to Determine How Much a House Is Worth

Just because your house was once worth a certain amount doesn’t mean it will keep that value. For many years, homes increased or at least held their value. After 2008, the real estate market was turned upside down -- the same position in which many homeowners found themselves. ...

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